I Need Money

China Signals Increased Currency Flexibility

Since 2008, China has pegged its currency exchange rate to be fixed to the US Dollar, but those days appear to be over for now. In news that got the attention of forex traders everywhere, the Chinese central bank announced the peg would end but also warned that that a sudden appreciation or revaluation would [...]

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New Rules Change Credit Card Fees

More news about credit card changes in the U.S. The Federal Reserve set regulations for credit card issuers which limit penalty fees to $25. The average of existing penalties is $39, so this is welcome news for many card holders having trouble with payments. The rules do state, however, that there can be an exception [...]

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CDs: Why Large Banks Are Ripping You Off

If you are thinking of saving money with a CD, you might be throwing away money by choosing a large bank to deposit with. CDs, or Certificates of Deposit, let account holders put away money for a fixed period of time and get a fixed return on their deposit. A recent trend has seen a [...]

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Are 0% Credit Card Offers Making a Comeback?

As the recession has somewhat stabilized and credit card reform laws have been completed, the climate for lending is improving and more credit card offers are becoming available. There has even been a resurgence of the so-called “teaser rate” cards, which offer an attractive 0% interest rate, typically for a year, on balance transfers and [...]

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Want More Money? Bet On It!

Getting in shape financially is a lot like getting in shape physically. Success depends on planning, goals, discipline, and accountability. You often hear about people having success with their fitness when they partner up with a friend because they do not want to leave their friend hanging to work out alone. The same accountability idea [...]

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The Real Reason Why Saving Money is So Hard

If saving up a nice chunk of cash was as easy as saying we ought to, most people would have already put away a nest egg, a rainy day fund, and a bunch of spending money to top it off. The reality is that most people struggle to discipline themselves in improving their saving habits. [...]

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